The import of calcined petroleum coke to India is set to steadily grow from 937.04 million kilograms in 2024 to 1074.6 million kilograms by 2028. With actual data pegged at 902 million kilograms in 2023, the forecast indicates a consistent annual increase in volume. Year-on-year growth rates from 2024 to 2025 and similar intervals hover around 3-4%, suggesting a positive trajectory in import demands. The compound annual growth rate (CAGR) over the five-year span averages out at approximately 3.5%.
Future trends to monitor include:
- Adjustments in domestic production capacities which could affect import needs.
- Global geopolitical factors impacting raw material supply chains.
- Technological advancements in production that may alter demand-supply dynamics.
- Policy changes related to environmental standards and energy consumption.
